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- Never add to a losing position.
- Trade like you're at war (take the money, S&P's average annual return is 7%- if you can get 4-5% in a day or two take it).
- Holding a loser drains your mental capital, as well as your actual capital.
- We've never been in the business of "buying low and selling high" who knows where the low is, we are here to buy high and sell higher.
- Buy what's strong, sell what's weak.
- Keep technical's simple.
- Patient with winners, impatient with losers.
- Do more of what's working.
- New highs are meant to be bought, new lows are meant to be sold.
- When everyone wants to buy something, sell it to them (think the crypto craze!)
- Most importantly all rules are meant to be broken.
